Southern Asia: Market for Brassieres, Girdles And Corsets 2024

Market Size for Brassieres, Girdles And Corsets in Southern Asia

After four years of growth, the South Asian brassiere, girdle and corset market decreased by -1.8% to $X in 2021. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then shrank slightly in the following year.

Production of Brassieres, Girdles And Corsets in Southern Asia

In value terms, brassiere, girdle and corset production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 18%. Over the period under review, production reached the peak level at $X in 2019; afterwards, it flattened through to 2021.

Exports of Brassieres, Girdles And Corsets

Exports in Southern Asia

In 2021, the amount of brassieres, girdles and corsets exported in Southern Asia skyrocketed to X tons, with an increase of 20% compared with 2020 figures. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +10.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 26%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, brassiere, girdle and corset exports surged to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Bangladesh (X tons) was the main exporter of brassieres, girdles and corsets, achieving 59% of total exports. It was distantly followed by Sri Lanka (X tons), mixing up a 38% share of total exports. India (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +14.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Sri Lanka ($X), Bangladesh ($X) and India ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 100% of total exports.

Bangladesh, with a CAGR of +15.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, growing by 4.5% against the previous year. In general, the export price, however, continues to indicate a slight downturn. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Brassieres, Girdles And Corsets

Imports in Southern Asia

In 2021, brassiere, girdle and corset imports in Southern Asia skyrocketed to X tons, rising by 46% against 2020 figures. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 229%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, brassiere, girdle and corset imports soared to $X in 2021. Over the period under review, imports saw a resilient expansion. The pace of growth was the most pronounced in 2016 when imports increased by 92% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

Bangladesh was the major importing country with an import of around X tons, which finished at 61% of total imports. Sri Lanka (X tons) ranks second in terms of the total imports with a 21% share, followed by India (12%). Pakistan (X tons) and Nepal (X tons) took a relatively small share of total imports.

Imports into Bangladesh increased at an average annual rate of +19.2% from 2012 to 2021. At the same time, Sri Lanka (+31.9%), Nepal (+15.6%), India (+15.4%) and Pakistan (+14.7%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +31.9% from 2012-2021. Sri Lanka (+12 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan, Bangladesh and India saw its share reduced by -1.6%, -4.1% and -5.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest brassiere, girdle and corset importing markets in Southern Asia were Bangladesh ($X), India ($X) and Sri Lanka ($X), together accounting for 90% of total imports.

In terms of the main importing countries, Sri Lanka, with a CAGR of +30.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, rising by 16% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by 72%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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